Autoplant Systems India Pvt.Ltd Senior Executive Interview Questions and Answers for Experienced

Q1. Heads of income
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Q2. Tds on professional payment
Ans. 
TDS on professional payments is a tax deducted at source on payments made to professionals for their services.
• TDS rate on professional payments is usually 10%.

• It is applicable when the payment exceeds a certain threshold amount.

• The person making the payment is responsible for deducting TDS and depositing it with the government.

• Failure to deduct TDS can lead to penalties and legal consequences.
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Q3. Tds on purchase of land from an individual for ₹10000000
Ans. 
TDS on purchase of land from an individual for ₹10000000 is applicable.
• TDS rate on purchase of land from an individual is 1% if the value exceeds ₹50 lakhs.

• In this case, TDS amount would be ₹100000 (1% of ₹10000000).

• The buyer is required to deduct TDS at the time of making payment to the seller.

• TDS should be deposited with the government and TDS certificate should be issued to the seller.
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Q4. Due dates of filing gst return
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GST returns are typically due on the 20th of the following month.
• GST returns are usually due on the 20th of the month following the tax period.

• For example, the GST return for the month of January would typically be due on February 20th.

• Late filing of GST returns can result in penalties and interest charges.
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Q5. Due date of filing income tax return for companies
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Companies must file their income tax return by the 15th day of the 3rd month after the end of their fiscal year.
• Companies must file their income tax return by the 15th day of the 3rd month after the end of their fiscal year.

• For example, if a company's fiscal year ends on December 31st, the income tax return would be due on March 15th.

• Extensions may be available in certain circumstances, but the initial due date is typi...read more
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Q6. Accrued income and accrued expense under which head it is shown under balance sheet
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Accrued income is shown under the asset side of the balance sheet, while accrued expenses are shown under the liability side.
• Accrued income is recorded as a current asset on the balance sheet, representing revenue that has been earned but not yet received.

• Accrued expenses are recorded as a current liability on the balance sheet, representing expenses that have been incurred but not yet paid.

• Accrued income increases the...read more
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Q7. Mat and its application
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MAT stands for Market Access Tool, used in finance for analyzing market trends and making investment decisions.
• MAT is a software tool that helps finance professionals analyze market data and trends.

• It can be used to track stock prices, monitor market volatility, and make informed investment decisions.

• MAT may also include features for risk management and portfolio optimization.

• Examples of MAT tools include Bloomberg Ter
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Q8. What is going concern concept and matching concept
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Going concern concept is the assumption that a company will continue to operate in the foreseeable future, while matching concept is the principle of matching expenses with revenues in the same accounting period.
• Going concern concept assumes that a company will continue to operate for the foreseeable future without the need to liquidate assets or be forced out of business.

• Matching concept states that expenses should be...read more
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Q9. What is prepain income and prepaid expenses
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Prepaid income is income received in advance, while prepaid expenses are expenses paid in advance.
• Prepaid income is income received before it is earned, such as subscription fees paid in advance.

• Prepaid expenses are expenses paid for in advance, like insurance premiums or rent.

• Both prepaid income and prepaid expenses are recorded as assets on the balance sheet until they are earned or used.
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Just an easy test, written test

Easy aptitude written test

Q1. Tell me about yourself
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Q2. Do you have knowledge on Ms Excel
Ans. 
Yes, I have knowledge on Ms Excel.
• I am proficient in using Excel for data entry, analysis, and reporting.

• I am familiar with various functions and formulas in Excel.

• I have experience in creating charts and graphs in Excel.

• I can use Excel to manage and organize large amounts of data.

• I am comfortable with using Excel shortcuts to increase efficiency.
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Group discussion help to remember for long time

Assignment help you to read that points you have confuse

Q1. Grow your knowledge in technical skill
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Q2. Technical thing growing your knowledge
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Q1. What are the various sales methodoloiges you use to qualify a lead ?
Ans. 
I use various sales methodologies such as BANT, SPIN selling, and MEDDIC to qualify leads.
• BANT (Budget, Authority, Need, Timeline) - Assessing if the lead has the budget, authority, need, and timeline to make a purchase.

• SPIN Selling (Situation, Problem, Implication, Need-payoff) - Understanding the lead's situation, identifying their problems, exploring the implications, and presenting a need-payoff solution.

• MEDDIC (Me...read more
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Q1. What will you bring to the company as an employee ?
Ans. I will be an astute performer making sure I meet the sales targets and also ensuring the customer has a good onboarding experience.
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Q1. 1.Accouting concepts 2.Ficticious assets 3.BRS 4.GST 5.TDS RATES 6.GST TDS DUE DATES 7.INCOME TAX DUE DATE
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Q1. Fictitious assets
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Q2. Accounting principles
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Q1. Self and any topic from your hobbies
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Q1. About Basics of accounting
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Q2. What is BRS and Income tax due dates
Ans. 
BRS stands for Bank Reconciliation Statement. Income tax due dates vary by country and type of taxpayer.
• BRS is a statement prepared to reconcile the balance as per company's books with the balance as per bank statement.

• Income tax due dates differ by country and type of taxpayer, usually falling on specific dates throughout the year.

• For example, in the US, individual income tax returns are due by April 15th each year.

• In...read more
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